A Detailed Lesson Plan in Applied Economics

(Senior High School)

Date:January 10, 2023 Quarter: Second Semester

Grade Level: Grade 12 Strand: (Academic Track)Accountancy, Business
Management(ABM )

I.     Content Standard: The learners demonstrate an understanding of individual’s needs and

wants
II.Learning Competency :Understand the importance of decision making in choosing between
needs and wants
III.Specific Learning Objectives: At the end of the lesson at least 85% of learners
will be able to:
Cognitive: Identify the difference between needs and wants.
Psychomotor :Apply the importance of needs and wants
in their group activity.
Affective: Follow properly the rules in their activity .

IV.SUBJECT MATTER

Topic: Needs and Wants

Reference: https //key difference.com/different and wants httml

Boddelyn, J. (1961) Galbraith’S Wicked Wants.The

Journal of Marketing,2516

Materials: Power point presentation, envelopes , cut

picture

Values: Cooperation, Attentivenes

V.PROCEDURE

Teacher’s Activity Student’s Activity

A. Preparatory Activity

“Good morning class!” “Good morning Maam!”

“Let us pray first before we start will (Everyone will start praying)
you please lead the prayer_____.”
Class is anybody absent from the class
“No Maam.Everyone is
 today? Very good! “Let’s clap our present today.”
hands for everyone is here today.”

B. Motivation

“Before we start let’s have a short group

activity first I will group you into two
groups. At this side will be the group 1.
And on the other side will be the group
2.I have here two envelops. I will give
each group one envelope.”
“Now, what you are going to do is to
arrange those cut pictures inside that
envelopes. The first group to finish and
paste their work here in front will be the
winner. Are the instructions clear?
“Are you ready?
“Okay.You can start now”

“Now the winner is the group 1 let’s give them “Yes Maam”
a round of applause” “Yes Maam”
“A round of applause also for group 2 for a job
well done.”
Group 1 and Group 2
“Now what did you see in the pictures
(Doing their Activity )
Yes_____
(Everyone will follow)
“Okay another Yes ____
Okay another Yes______
“Okay very good (Everyone will follow)
“Now based on the pictures who can guess
what will be our topic for today.
“Yes____ “Gadgets Maam
“Food Maam”
“House Maam”
“Is it correct?”
“Let’s find out.”

C. Discussion “I think our toipic for today

“Okay very good.”.Our topic for today based on that pictures is all
is all about “needs and wants.”We all about needs and wants.”
know that economics is a social science
which deals with production “Yes Maam”
distribution and consumption functions.
It’s about making choices regarding the
 allocation of scarce resources , so as to
satisfy human needs and wants, but
have you wondered about their
differences?”

“What is needs?”Yes____

“Alright.”Those requirements that are

extremely necessary for us to live.”Examples
are Yes____
“Okay another Yes”_____
“Okay another Yes_____
“Okay .So these are the basic needs of man
from the very beginning. These are what we
called physiological needs.”Yes___ “Needs refers to an
“Okay very good! Physiological means individual’s basic
referring to the emotional state or feelings of a requirements that must be
person.”Another example Yes___ fulfilled in order survive.”
“Alright.”In addition to that, since our quality
of life now has improved, health care, other
security purposes, education, and etc. Also “Food”
become part of our needs as well. So needs this “Shelter”
is our first priority as they are the things that “Clothing”
keeps us healthy, safe, and alive. Therefore, if
needs are not satisfied in time, what will
happen? Yes____”
“ Example is love”

“Alright. So needs is a necessity.”

“Now what is wants? Yes____” “Rest Maam”

“Very good! examples .Yes____”

Alright another Yes____”
“Another Yes_____”
“Another Yes_____”

“Yes______.”

“It may result in illness,

“Very good! So now cellphone has become our
needs.
“Here are some helpful statements that will
help us to understand the concept of what is
inability functioning properly
or even death.”
“Wants are something that we
desire or wish to have.And we
are still going to survive
really needs and wants.”Everyone Please without it.”
Read!” “cellphone”
“computer”
“Aircon”
“Accesorries”

“Like cellphone Maam.In the

past, it ‘s just a part of our
wants but now we are fully
surrounded by technologies, it
becomes one of our needs for
“Now to clearly understand their differences communication.”
here is a comparison chart.”
Basis of Needs Wants
Compariso
n
Meaning Needs refers Wants are “You need food because you
to an something that are hungry but you want
individual’s we desire and pizza.”
basic we are still “You need a simple phone for
requirement going to communication but you want
s that must survive without iphone.”
be fulfilled it. “You need a small house to
in order to live but you want mansion.”
survive “You need transportation
What is it Something Something you medium to commute but you
you must wish to have want a car.”
have “You need someone’s love but
Represents necessity desire you want someone’s special.”
Survival essential inessential
Change may remain May change
constant of over time
disease or
even death
non- May result May result in
fufillment in cause of disappointment
disease or
even death

D. Application
“Now we are going to have another
group activity. I’m going to divide you
into two groups. On this side will be the
group 1 and the other side will be the
group 2.Each group choose your
representative. Now all you have to do
 for this activity is to write your work
here in front. But before that here is the
rubric for your activity.”
“Anyone kindly read Yes____”

“Okay. Are the instructions and rubric

understood?”
“Okay are you ready?”
”You can start now!”

“Okay”Time’s up. Put your work now here in

front. Group 1 whose your representative.
Explain your work.”
“Let’s give group 1 a boom clap.”
Okay next group 2.”
“Let’s give group 2 a wow clap

E. Generalization
“Again what is need? Yes____”

“Alright and on the other hand what is

wants? Yes___”
Rubric for the activity
Cooperation:10 points
“Alright.”Hence, that your needs and
Silence in doing the activity:5
wants might be different from the needs
points
and wants of another. Just remember
Explaination:10 points
that when choosing from your needs and
wants, you need to come up with a “Yes Maam”
better plan or decision.” “Yes Maam”
“What do you think is the important “Yes Maam”
role of making a decision in choosing Group activity
between your needs and Write your needs and wants
wants.”Yes____.” (Group 1 will start explaining
their work)(Everyone will do
“So what do you think is the most
the boom clap)
important wants or needs? Yes_____”
(Group 2 will start explaining
“Alright, very good.”
their work)
F. Evaluation (Everyone will do a wow clap)
“Now I think you already understand
our topic. Get 1 whole sheet of
 paper .”Let’s have a quiz. Everyone
kindly read the instruction.”
“Is everything clear? Okay, you only have 15
minutes to answer. You can start now.”
“Time’s Up. Finished or Unfinished pass your
paper in front.”
G. Assignment
“Draw the Mealow’s hierarchy of
needs”
“Is there any questions?
“needs refers to an
individual’s basic
requirements that must be
fulfilled in order to survive.
“wants are something to desire
or wish to have. And we are
still going to survive without it.
“In order to have a satisfying
and comfortable life.”
“Needs because these are the
things that keep us alive.”
(Everyone will read the
instruction of the quiz)
Quiz (20 points) in a whole
sheet of paper suppose you are
a member of a family
consisting 5 members. Below
are the list of the things that
you plan to consume for this
month. Your father is the only
one who works for the family
with a monthly salary of
10,000.Put a check (V) for the
“Good bye Class!” things you choose to consume
“Okay, see you in our next meeting.” and (X) for the things you
don’t choose. Defend your
answer.
Plan as of this month
Amount
___1.electricity
1,000
___2.water
500
___3.junkfoods
150
___4.videogames
100
___5. House rental
2,500
___6.for friends outing
500
___7. For monthly food
supply
4,000
___8.for watching movie
at the cinema
150
___9.for transportation
(work,school)
2,200
___10.cable/internet
900
Explaination_______________
___
“Yes Maam”
1.V
2.V
3.X
4.X
5.V
6. X
7. V
8.X
9.V
10.X
Explaination_______________
_

(Everyone will follow)

“No Maam”
“Thank You and Good bye
Maam”